Report forecast the global automotive
adaptive fog lights market to grow at a CAGR of 25.65% during the period
2017-2021.
Adaptive fog lights involve the
incorporation of a swiveling reflector with normal fog lamps. When a turn
signal is activated, or a large steering angle is detected, the fog lamp that
corresponds to the in-side wheel is automatically switched on, and the
reflector swivels inside the fog lamp to orient the light to the side of the
vehicle where the wheels are turning. The market encompasses the sales of
passenger cars that incorporate adaptive fog lights. Some of the luxury
passenger cars use this system.
The report covers the present scenario and
the growth prospects of the global automotive adaptive fog lights market for
2017-2021. The report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is innovations in lighting technologies to improve safety and comfort
aspects. Many countries are implementing regulation mandates on automotive
vehicle safety and its environmental aspects. This move has pushed OEMs to adopt
advanced technologies in vehicles. The increase in customer preference for
enhanced style and comfort further drives the adoption of new vehicle
technologies. The performance, product design, and on-road safety aspects
conferred by lighting systems play a significant role in boosting vehicle
sales. Hence, OEMs and suppliers are focusing on technological innovations in
automotive lighting systems to increase their market shares.
Further, the report states that one
challenge in the market is high cost of raw materials. Luxury vehicles
incorporate LED lights as adaptive fog lights. However, the rising costs of raw
materials used in vehicle lighting, especially for LED and other advanced
technologies, can restrict the growth of the market. Plastic polymer
transparent materials such as methyl methacrylate and polycarbonate, which are
an integral part of lighting systems, have been witnessing a substantial rise
in price, especially in Europe and the US since 2016. This is due to the
growing demand for oil and gas from which the monomers that are used to make
these polymers are largely manufactured on.
Global
Automotive Adaptive Fog Lights Market 2017-2021,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the global automotive
adaptive fog lights market: HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM,
and Valeo.
Other Prominent Vendors in the market are:
SL Corporation and Philips.
Market
driver
- Innovations in lighting technologies to improve safety and comfort aspects
- For a full, detailed list, view our report
Market
challenge
- High cost of raw materials
- For a full, detailed list, view our report
Market
trend
- Reduction in time gap between lighting technology introduction
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 71 pages “Global
Automotive Adaptive Fog Lights Market 2017 - 2021” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Geographical segmentation, Decision framework, Drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UV7
For related reports please visit: Fog Light Market Research Reports
Find all Automotive Reports
at: https://www.marketresearchreports.com/automotive
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